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New Zealand Energy Corp down $0.01

New Zealand Energy Corp is sharply lower today, dropping $0.01 or 9.09% to $0.05. Shares have lost 9.09% over the last five days, but have gained 66.67% over the last year to date. This security has underperformed the S&P TSX by 87.03% during the last year.

About

New Zealand Energy Corp (NZEC) is engaged in the production, exploration and development of conventional and unconventional oil and natural gas resources in New Zealand, as

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well as the operation of the midstream assets. The Company’s assets are located in the TaranakiBasin and East Coast Basin of New Zealand’s North Island. In the Taranaki Basin, NZEC holds 97,630 net acres across three Petroleum Mining Licenses (PMLs), one PetroleumMining Permit (PMP) and two Petroleum Exploration Permits (PEPs). NZEC is the operator of all of the PMLs, PMP and PEPs. The Taranaki Basin is situated on the west coast of New Zealand’s North Island and is the country’s oil and gas producing basin, with total production of approximately 130,000 barrels of oil equivalent per day from 18 fields. Within the Taranaki Basin, NZEC holds a 100% interest in the Copper Moki Permit, a 100% interest in the Eltham Permit and a 65% interest in the Alton Permit with L&M Energy Limited ( L&M).

Profit

Net Profit (TTM)

-138.84%

New Zealand Energy Corp has a net profit margin of -138.84%. Besides being negative, it is also below the industry average and implies that this company is not effective at turning revenues into bottom line profit. Company Books

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